As African countries grapple with the devastating impacts of the COVID-19 pandemic, continued support from the World Bank, particularly from IDA, is critical to help them meet their financing needs, which were already high before the pandemic.
This high-level meeting follows the call from African leaders, during the African economies financing Summit in Paris last May, asking for increased support to build back better and greener from the crisis. The discussions will help identify key priorities for financing in Africa, and champion a strong policy and financing package for an ambitious IDA20 replenishment. Africa is IDA’s biggest beneficiary with 39 countries and has made significant headway in improving development indicators in the six decades partnership with the World Bank.
Distributed by APO Group on behalf of The World Bank Group.